8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

April 20, 2007
(Date of Report/Date of earliest event reported)

SENSIENT TECHNOLOGIES
CORPORATION

(Exact name of registrant as specified in its charter)

WISCONSIN
(State or other jurisdiction
of incorporation) 1-7626
(Commission File Number) 39-0561070
(IRS Employer
Identification No.)

777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202-5304
(Address and zip code of principal executive offices)

(414) 271-6755
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On April 20, 2007, Sensient Technologies Corporation issued a press release disclosing its results of operations for its quarter ended March 31, 2007 and its financial condition at that date. The press release is furnished as Exhibit 99.1 to this Report on Form 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit 99.1: The following exhibit is furnished with this Report on Form 8-K: Sensient Technologies Corporation Earnings Press Release for the Quarter Ended March 31, 2007

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SENSIENT TECHNOLOGIES CORPORATION (Registrant)
By:	/s/ John L. Hammond
	Name:	John L. Hammond
	Title:	Vice President, Secretary and General Counsel
Date: April 20, 2007

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EXHIBIT INDEX

Exhibit 99.1: The following exhibit is furnished with this Report on Form 8-K: Sensient Technologies Corporation Earnings Press Release for the Quarter Ended March 31, 2007

EX-99.1

Contact:	Dick Hobbs
	(414) 347-3836

Sensient Technologies Corporation
Reports Earnings for the Quarter Ended March 31, 2007

EPS Increases 8.8% on Record First Quarter Revenue

     MILWAUKEE—April 20, 2007 — Sensient Technologies Corporation (NYSE: SXT) reported that diluted earnings per share for its first quarter ended March 31, 2007, increased 8.8%, to 37 cents from 34 cents last year. First quarter 2007 revenue increased 8.5% to $285.3 million as a result of strong sales in each of the Company’s operating segments. Foreign currency translation had a favorable impact of 3.1% on first quarter revenue.

     “Our cosmetic and food and beverage product lines performed very well, resulting in record first quarter sales,” said Kenneth P. Manning, Chairman, President and CEO of Sensient Technologies Corporation. “We are off to a good start and I expect continued growth in 2007.”

BUSINESS REVIEW

     The Flavors & Fragrances Group posted record first quarter revenue of $184.3 million, an increase of 8.1% over the prior year. Solid revenue growth was recorded in the United States, Latin America and China. First quarter operating income was up 14.3%, to $26.2 million on higher sales volume and favorable pricing.

     For the quarter, Color Group revenue grew 7.7%, to $96.0 million compared to $89.2 million for the comparable period in 2006. Strong demand within the Company’s cosmetic

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Sensient Technologies Corporation	Page 2
Earnings Release — First quarter ended March 31, 2007
April 20, 2007

and food and beverage product lines contributed to record first quarter revenue. Operating income for the first quarter increased 8.8%, to $17.2 million on the higher sales volume.

2007 OUTLOOK

     Sensient now expects reported 2007 diluted earnings per share to be between $1.54 and $1.56.

CONFERENCE CALL

     The Company will host a conference call to discuss its 2007 first quarter financial results at 10:00 a.m. CDT on Friday, April 20, 2007. To make a reservation for the conference call, please contact InterCall Teleconferencing at (706) 645-6973 and refer to the Sensient Technologies Corporation conference call.

     A replay will be available beginning at 1:00 p.m. CDT on April 20, 2007, through midnight on April 27, 2007, by calling (706) 645-9291 and referring to passcode 4910432. A transcript of the call will also be posted on the Company’s web site at www.sensient-tech.com after the call concludes.

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Sensient Technologies Corporation	Page 3
Earnings Release — First quarter ended March 31, 2007
April 20, 2007

     This release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) that reflect management’s current assumptions and estimates of future economic circumstances, industry conditions, company performance and financial results. A variety of factors could cause the company’s actual results and experience to differ materially from the anticipated results, including, but not limited to the factors noted in this press release and in the Management’s Discussion and Analysis in our most recently filed annual report on Form 10-K for the year ended December 31, 2006. The forward-looking statements in this press release speak only as to the date of this release. Sensient Technologies Corporation expressly disclaims any obligation or undertaking to release publicly any updates or revisions to such statements to reflect any change in its expectations upon which such statements are based.

ABOUT SENSIENT TECHNOLOGIES

     Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employs advanced technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors, and other specialty chemicals. The company’s customers include major international manufacturers representing some of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.

     www.sensient-tech.com

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Sensient Technologies Corporation
(In thousands, except percentages and per share amounts) Page 4

Consolidated Statements of Earnings

	Three Months Ended March 31,
	2007		2006		% Change
Revenue	$	285,268	$	262,924		8.5
Cost of products sold		199,120		183,485		8.5
Selling and administrative expenses		51,936		48,664		6.7
Operating income		34,212		30,775		11.2
Interest expense		9,252		8,708
Earnings before income taxes		24,960		22,067		13.1
Income taxes		7,614		6,449
Net earnings	$	17,346	$	15,618		11.1
Earnings per common share:
Basic	$	0.37	$	0.34		8.8
Diluted	$	0.37	$	0.34		8.8
Average common shares outstanding:
Basic		46,402		45,805		1.3
Diluted		46,909		45,972		2.0

Results by Segment

	Three Months Ended March 31,
	2007			2006			% Change
Revenue
Flavors & Fragrances	$	184,274		$	170,514			8.1
Color		96,030			89,156			7.7
Corporate & Other		12,064			10,004			20.6
Intersegment elimination		(7,100	)		(6,750	)		5.2
Consolidated	$	285,268		$	262,924			8.5
Operating Income
Flavors & Fragrances	$	26,174		$	22,893			14.3
Color		17,232			15,845			8.8
Corporate & Other		(9,194	)		(7,963	)		15.5
Consolidated	$	34,212		$	30,775			11.2

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Sensient Technologies Corporation
(In thousands, except percentages and per share amounts) Page 5

Consolidated Condensed Balance Sheets

March 31,	2007		2006
Current assets	$	568,516	$	517,970
Goodwill and intangibles (net)		464,649		437,778
Property, plant and equipment (net)		387,419		371,647
Other assets		47,924		60,754
Total Assets	$	1,468,508	$	1,388,149
Current liabilities	$	251,698	$	423,052
Long-term debt		437,012		280,726
Accrued employee and retiree benefits		45,263		43,038
Other liabilities		16,921		9,095
Shareholders’ equity		717,614		632,238
Total Liabilities and Shareholders’ Equity	$	1,468,508	$	1,388,149

Consolidated Statements of Cash Flows

Three Months Ended March 31,	2007			2006
Net cash provided by operating activities	$	5,095		$	20,782
Cash flows from investing activities:
Acquisition of property, plant and equipment		(6,827	)		(4,383	)
Proceeds from sale of assets		1,418			64
Decrease in other assets		252			512
Net cash used in investing activities		(5,157	)		(3,807	)
Cash flows from financing activities:
Proceeds from additional borrowings		24,679			22,624
Debt payments		(19,744	)		(32,455	)
Purchase of treasury stock		—			(4,563	)
Dividends paid		(7,481	)		(6,949	)
Proceeds from options exercised and other		2,514			—
Net cash used in financing activities		(32	)		(21,343	)
Effect of exchange rate changes on cash and cash equivalents		(14	)		152
Net decrease in cash and cash equivalents		(108	)		(4,216	)
Cash and cash equivalents at beginning of period		5,035			7,068
Cash and cash equivalents at end of period	$	4,927		$	2,852

Supplemental Information

Three Months Ended March 31,	2007		2006
Depreciation and amortization	$	11,201	$	10,973
Dividends per share	$	0.16	$	0.15